Earnings

PresentationQ4F20

Ended Oct 3, 2020

NASDAQ: KLIC

Safe Harbor

In addition to historical statements, this presentation contains statements relating to future events

and our future results based on management’s expectations as of November 19, 2020. These

statements are “forward-looking” statements within the meaning of the Private Securities Litigation

Reform Act of 1995.

While these forward-looking statements represent our judgments and future expectations

concerning our business, a number of risks, uncertainties and other important factors could cause

actual developments and results to differ materially from our expectations. These factors include,

but are not limited to the factors listed or discussed in our 2019 Annual Report on Form 10-K, our

Quarterly Reports on Form 10-Q filed since then, and our other filings with the Securities and

Exchange Commission. Kulicke and Soffa Industries, Inc. is under no obligation to (and expressly

disclaims any obligation to) update or alter its forward-looking statements whether as a result of

new information, future events or otherwise.

2

Business Focus

• Safety & welfare of employees & partners

• Ramping production capacity beyond pre-COVID levels to support current demand

• General Semiconductor recovery & entry into Advanced Display are improving the outlook

Near-Term Development

• Closely aligned with several significant, long-term technology transitions:

• Semiconductor > Advanced Packaging

• Automotive > Electrification

• Display > Advanced LED Backlighting

Fiscal Fourth Quarter 2020

3

GeneralSemiconductor

LEDAutomotive &

IndustrialMemory Advanced Packaging

• Sequential improvements in four of five Capital Equipment end-markets

• Advanced backlighting shipments increased sequentially, despite sequential LED decline

• Automotive & Industrial as well as Memory improved although both remain below the long-term averages

End-Market CompositionCapital Equipment As a percent of period Capital Equipment revenue

Capital Equipment revenue per quarter5Yr Avg = quarterly average of preceding five fiscal years

62.7%

13.6%

9.0%

7.1%7.6%

4

Fiscal Fourth Quarter 2020

Revenue up 18% Q/Q,

up 15% Y/Y

Income from Operations up 109% Q/Q, 171% Y/Y

5G, smartphone, consumer & advanced LED support demand improvements

Operating

Expense

Revenue

Non-GAAP

Diluted EPS*

Gross

Margin

$177.7MUp 18.1% Q/Q

50%Up 390 bps Q/Q

$65.8MUp $7.3M Q/Q

$0.29Up 38.1% Q/Q

5 *Please see Non-GAAP Reconciliation

Income Statement Summary Items

6

Q4F19 Q3F20 Q4F20 Q/Q Y/Y

Revenue $139.8 $150.5 $177.7 $27.2 $37.9

Gross Margin 46.8% 46.1% 50.0% +390 bps +320 bps

Operating Expenses $57.7 $58.5 $65.8 $7.3 $8.1

Operating Income $7.7 $11.0 $23.0 $12.0 $15.3

Non-GAAP Net Income* $9.3 $12.9 $18.0 $5.1 $8.7

Diluted EPS $0.10 $0.18 $0.25 $0.07 $0.15

Non-GAAP Diluted EPS* $0.14 $0.21 $0.29 $0.08 $0.15

Diluted Share Count 64.3M 62.8M 62.4M (0.4M) (1.9M)

$ values in millions of USD (except for EPS)

*Please see Non-GAAP Reconciliation

Balance Sheet & Cash FlowSummary Items

7

Q4F19 Q1F20 Q2F20 Q3F20 Q4F20

Accounts Receivable $195.8 $198.8 $199.8 $195.5 $198.6

Inventory $89.3 $95.2 $106.2 $114.2 $111.8

Accounts Payable $36.7 $44.9 $50.5 $49.7 $57.7

Net Cash $532.3 $540.4 $524.7 $515.8 $530.1

Working Capital Days* 463 452 423 417 359

Share Repurchases $15.0 $5.4 $18.5 $22.4 $8.8

Dividends Paid $7.7 $7.6 $7.7 $7.6 $7.4

$ values in millions of USD

*Working Capital Days is calculated using ending period values

OutlookFiscal First Quarter 2021

5G, smartphone, consumer & advanced LED continue to

support demand

Seasonal demand shifts expected through FY21

Business model delivers strong operating leverage

Operating

Expense

Revenue

Non-GAAP

Diluted EPS*

Gross

Margin

$240M+/- $10M

45%+/- 50 bps

$70M+/- 2%

$0.53+/- 10%

8 Non-GAAP EPS assumes 62.4M shares outstanding

Q&A

Non-GAAP Reconciliation

10